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BGSF

BGSF, Inc.

BGSF

BGSF, Inc. • NYSE
$4.63 ▲ 2.89% (+0.13)
Market Cap $51.85 M
52w High $8.22
52w Low $2.91
Dividend Yield 2.00%
P/E -6.61
Volume 38.66K
Outstanding Shares 11.20M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $26.895M ▲ $10.597M ▼ $-5.812M ▼ -21.61% ▼ $0 ▲ $-113K ▲
Q2-2025 $23.506M ▼ $12.576M ▼ $-3.736M ▼ -15.894% ▼ $-0.34 ▼ $-4.166M ▼
Q1-2025 $63.234M ▼ $20.582M ▼ $-722K ▲ -1.142% ▲ $-0.066 ▲ $2.01M ▼
Q4-2024 $64.41M ▼ $21.22M ▼ $-981K ▼ -1.523% ▼ $-0.09 ▼ $2.134M ▼
Q3-2024 $71.186M $23.859M $-804K -1.129% $-0.074 $5.68M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $41.17M ▲ $83.573M ▼ $32.887M ▼ $50.686M ▼
Q2-2025 $2.777M ▲ $149.692M ▼ $71.406M ▲ $78.286M ▼
Q1-2025 $2.05M ▲ $152.26M ▲ $70.44M ▲ $81.82M ▼
Q4-2024 $353K ▲ $150.111M ▼ $67.842M ▼ $82.269M ▼
Q3-2024 $262K $157.335M $74.39M $82.945M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-280 ▲ $0 ▼ $0 ▲ $0 ▲ $0 ▼ $0 ▼
Q2-2025 $-4.862M ▼ $2.201M ▲ $-243K ▼ $-910K ▼ $727.001K ▼ $2.211M ▲
Q1-2025 $-722K ▲ $1.064M ▼ $-23K ▲ $656K ▲ $1.697M ▲ $1.041M ▼
Q4-2024 $-981K ▲ $3.133M ▼ $-270K ▲ $-2.772M ▲ $91K ▲ $2.863M ▼
Q3-2024 $-1.812M $6.452M $-375K $-6.109M $36K $6.252M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Property Management
Property Management
 $0 ▲$0 ▲$20.00M ▲$30.00M ▲
Real Estate Segment
Real Estate Segment
 $0 ▲$100.00M ▲$0 ▼$0 ▲
Professional Staffing Segment
Professional Staffing Segment
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement BGSF’s revenue has been fairly steady over the last few years, with a small step down most recently, reflecting a business that is stable but not yet on a clear growth trajectory. Gross profitability has held up reasonably well, but operating and net profits are thin and have moved around from small profits to small losses. This indicates a business with modest pricing power in a competitive staffing market, where small changes in demand or costs can quickly swing results. Recent earnings look close to breakeven, suggesting the refocus on property management is still in the transition phase and has not yet translated into clearly stronger profitability.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative, with a solid equity base compared to its size and a manageable level of debt that has been edging down over time. The company had a period of unusually high cash following its division sale, but that cash has largely been deployed or returned, bringing liquidity back to more normal levels. Overall, BGSF appears reasonably well-capitalized for a specialized staffing firm, but it no longer has the same cash cushion it temporarily enjoyed, so disciplined use of leverage and working capital remains important.

Cash Flow

Cash Flow Cash flow from day‑to‑day operations has been consistently positive, even when reported earnings were modest. Free cash flow has also been positive in most years, helped by light spending on capital investments. This pattern suggests a cash-generative, asset-light model typical of staffing businesses, with the flexibility to fund technology investments and strategic initiatives internally. The main watch point is that, with earnings and margins still thin, any downturn in demand could quickly pressure cash generation, so maintaining strong client relationships and utilization will be key.

Competitive Edge

Competitive Edge After selling its Professional division, BGSF is now a more focused player in property management staffing, a niche where it has long experience and strong brand recognition. Its national footprint in a fragmented market, long-standing relationships with large property owners, and a mix of exclusive and semi‑exclusive contracts give it a meaningful edge versus smaller, local competitors. At the same time, this specialization concentrates the business in one end‑market, which can be a strength if property management remains healthy but a risk if that segment slows or clients push harder on pricing. Execution on large accounts and retention of key customer relationships are crucial to sustaining its position.

Innovation and R&D

Innovation and R&D BGSF’s innovation is less about traditional research spending and more about using technology and training to improve a people‑centric business. The Virtual Talent Acquisition Center, early AI use in recruiting and sales, and a focus on PropTech‑aware staffing show a clear push to modernize how it matches talent with clients. Its proprietary training programs for leasing and maintenance roles differentiate its offering and deepen its value to property managers, effectively turning BGSF into both a staffing and workforce‑development partner. The open question is how quickly these initiatives will show up in faster fill times, better margins, or higher client retention, which will be key signals of whether this innovation is translating into a lasting advantage.

Summary

BGSF is in the midst of a strategic shift: it has sold a major division and doubled down on being a specialized, tech‑enabled staffing partner to the property management industry. Financially, it looks like a stable, asset‑light business with consistent positive cash flow but thin and somewhat volatile profitability. The balance sheet is sound, with moderate leverage and a reasonable equity base, though the temporary cash windfall from the divestiture has mostly been deployed. Competitively, the company benefits from national scale, deep relationships, and training‑led differentiation in a niche where many rivals are smaller and more local. The main opportunities lie in turning its tech and training investments into stronger growth and margins; the main risks are its concentration in one sector and the inherent sensitivity of staffing margins to swings in demand and pricing pressure.

NEWS

November 7, 2025 · 8:00 AM UTC

BGSF, Inc. Reports Third Quarter 2025 Financial Results and Announced a Stock Buyback Plan

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November 5, 2025 · 11:30 PM UTC

BGSF, Inc. Delays Timing of Its Fiscal 2025 Third Quarter Results and Earnings Conference Call

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October 21, 2025 · 4:05 PM UTC

BGSF, Inc. Announces Timing of Fiscal 2025 Third Quarter Results and Earnings Conference Call

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September 16, 2025 · 6:30 PM UTC

BGSF, Inc. Announces Additional Information Regarding Pending Special Cash Dividend of $2.00 Per Share

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September 11, 2025 · 4:43 PM UTC

BGSF, Inc. Announces Special Cash Dividend of $2.00 Per Share

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